This is Greed and Fear Score script. The uses of this indicator is to let users know what is the state for each bar closed. Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.
Greed & Fear Score (range from 1 - 5) has taken multiple measurements into consideration such as CCI, MFI, RSI, RVI and William %R. The range of score is from 1 - 5 indicating weak to strong.
Red/Yellow represents Greed score. Blue/Light Blue represents Fear score.
The Bull & Bear Transition Score (range from 1 - 10) is to measure how strong power needed to reverse the Greed or Fear State. It is a powerful tool that incorporates CMF, MFI, CCI, MOMENTUM, OBV, RSI, RVI, WILLIAN %R, PRICE OSCILLATOR and Relative Volume.
How to use Bull & Bear Transition Score? The higher the Bull & Bear Score, the more likely it will change from one state to another.
How to find BEST opportunity? Here comes the special symbol. User can choose best fit combination by using filtering.